
OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto.Commission File Number: 001-35512 (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) Securities registered pursuant to Section12(g)of the Act:None Indicate by check mark if the registrant is a well–known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☑ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filingrequirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b–2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was approximately $101.0 million on June 30,2025, based on $3.20 per share, the last reported sales price of the shares on the New York Stock Exchange on such date.As of February 28, 2026, the registrant had 41,265,055 outstanding shares of common stock, $0.01 par value per share. Documents Incorporated By Reference:Portions of the registrant’s definitive proxy statement relating to its 2026 Annual Meeting ofStockholders, which will be filed with the Securities and Exchange Commission within 120 days after December 31, 2025, are incorporated by referenceto the extent set forth in Part III, Items 10-14 of this Form 10-K. AMPLIFY ENERGY CORP.TABLE OF CONTENTS PagePART IItem 1.Business13Item 1A.Risk Factors37Item 1B.Unresolved Staff Comments56Item 1C.Cybersecurity56Item 2.Properties57Item 3.Legal Proceedings57Item 4.Mine Safety Disclosures57PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities58Item 6.Reserved58Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations59Item 7A.Quantitative and Qualitative Disclosures About Market Risk76Item 8.Financial Statements and Supplementary Data76Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure76Item 9A.Controls and Procedures76Item 9B.Other Information79Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspection79PART IIIItem 10.Directors, Executive Officers and Corporate Governance80Item 11.Executive Compensation80Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters80Item 13.Certain Relationships and Related Transactions, and Director Independence80Item 14.Principal Accountant Fees and Services80PART IVItem 15.Exhibits, Financial Statement Schedules81Item 16.Form 10-K Summary83Signatures84 Table of Contents GLOSSARY OF OIL AND NATURAL GAS TERMS 3-D seismic: Geophysical data that depict the subsurface strata in three dimensions. 3-D seismic typically provides a moredetailed and accurate interpretation of the subsurface strata than 2-D, or two-dimensional, seismic. Analogous Reservoir: Analogous reservoirs, as used in resource assessments, have similar rock and fluid properties,reservoir conditions (depth, temperature and pressure) and drive mechanisms, b